Address
701 W Lake Street Minneapolis, MN
Price
$ 1,950,000
Property Attributes
  • ML#5617158
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaAuditors Sub 040
  • NeighborhoodSouth Uptown
  • Zip55408
  • StyleMixed Use
  • Year Built1901
  • Taxes40374
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10320
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Standard Commercial
Property Description

Previous buyer got Corona-Jitters. Mixed use apartment and retail/restaurant building at the southwest corner of Lyndale and Lake in Minneapolis' popular Uptown neighborhood. Prieto Taquria bar/restaurant is on a 10-year NNN lease with 2% annual increases. 3 of 4 apartment units were upgraded in 2017. HVAC for the restaurant is separate. 4/4 apt units have been updated, entire building has been renovated. Mechanical is in great working condition. The remodeled apartments are really nice sizes. Buyer and buyer's agent to verify all info. and measurements. Please contact broker for CA and offering memorandum. Clean phase 1, 2 and soil samples. Turn Key investment.

Price History
7/7/2020 Listed $1,950,000

General Features

Property SubType Mixed Use
Property Type Commercial Sale
Standard Status Active

Exterior Features

Lot Dimensions 80 X 45
Lot Size Area 0.08
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55408

Price
AVG $1.39M
$1.95M
Taxes
AVG $14,491
$40,374
Visits
AVG 15
30
Year Built
AVG 1921
1901
Walkscore
AVG 91
94
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.